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BitUSD to CASH

Started by blackbeard, March 03, 2014, 01:02:05 AM

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yellowecho

Quote from: luckybit on March 03, 2014, 03:57:31 AM
Quote from: toast on March 03, 2014, 01:04:29 AM
Short term: bitusd to xts to btc to usd. Bitusd should trade for $ 1 worth of btc, how do you get btc now?

Long term: bitusd to merchant or atm

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Start with Overclock.com because they are looking for a way to deal with the Bitcoin volatility. If they accept BitUSD all problems are solved for them.

Don't they use BitPay?  Isn't that direct convertibility to USD? 
696c6f766562726f776e696573

luckybit

Quote from: toast on March 03, 2014, 01:04:29 AM
Short term: bitusd to xts to btc to usd. Bitusd should trade for $ 1 worth of btc, how do you get btc now?

Long term: bitusd to merchant or atm

Sent from my SCH-I535 using Tapatalk

Start with Overclock.com because they are looking for a way to deal with the Bitcoin volatility. If they accept BitUSD all problems are solved for them.

[url="https://metaexchange.info"]https://metaexchange.info[/url] | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

toast

Short term: bitusd to xts to btc to usd. Bitusd should trade for $ 1 worth of btc, how do you get btc now?

Long term: bitusd to merchant or atm

Sent from my SCH-I535 using Tapatalk
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

blackbeard

Lets say I buy some bitUSD, how can I translate that to cash? Do I have to find a merchant that accepts bitUSD? What if no one sets up shop to accept bitUSD for cash?